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Friday, December 28, 2012

BRIEF-Pearson to invest $89.5 million in Nook Media, (NYSE: BKS), (NYSE: PSO)

Pearson PLC : * Pearson will invest $89.5 million in cash in nook media * Will gain a five per cent equity stake in nook media * Following the transaction, Barnes & Noble will own approximately 78.2 percent of nook media

Barnes & Noble, Inc. (Barnes & Noble) is a bookseller. Shares of BKS remained unchanged at $14.35. In the past year, the shares have traded as low as $9.35 and as high as $26.00. On average, 1233610 shares of BKS exchange hands on a given day and today's volume is recorded at 8100.

Pearson plc, (Pearson) is an international media and education company with its principal operations in the education, business information and consumer publishing markets. Shares of PSO remained unchanged at $19.37. In the past year, the shares have traded as low as $17.09 and as high as $20.48. On average, 149266 shares of PSO exchange hands on a given day and today's volume is recorded at 0.



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